Daily Quiz — 22 Jul 2026

1. Q1.By how much did Jana Small Finance Bank's RBI-assessed gross NPAs exceed the bank's reported NPAs for FY25?

   ₹169 crore₹42 crore₹92 crore₹459 crore
   Explanation: The article explicitly states Jana SFB reported ₹750 crore in NPAs, but RBI's audit assessed them at ₹919 crore, creating a ₹169 crore divergence.

2. Q2.Under revised RBI guidelines, what is the maximum percentage of deal value that banks can lend for acquisition finance?

   50%60%75%90%
   Explanation: The article states that revised RBI guidelines permit banks to lend up to 75 per cent of deal value for acquisitions, which is the basis for PNB's planned entry into this market.

3. Q3.According to SEBI's streamlined SIF distributor certification framework, which certification allows distributors to sell both mutual fund and SIF products?

   NISM Series V-ANISM Series V-BNISM Series V-DNISM Series V-C
   Explanation: SEBI replaced the dual-certification requirement with a single NISM Series V-D certification, which now permits distributors to sell both mutual fund and SIF products, whereas Series V-A is retained only for mutual fund-only sellers.

4. Q4.What was the aggregate amount of banking fraud reported across Indian banks and financial institutions over the five-year period mentioned in the parliamentary data?

   ₹52,360 crore₹1.42 lakh crore₹1 lakh crore₹2 lakh crore
   Explanation: The article explicitly states that aggregate fraud amounted to ₹1.42 lakh crore over the last five financial years, according to data shared by the Minister of State for Finance in Parliament.

5. Q5.According to the ITAT ruling on redevelopment deals, at what point does signing a redevelopment agreement trigger taxable income for homeowners?

   Upon signing the redevelopment agreementUpon receiving the right to the property in the futureUpon actual receipt and possession of the redeveloped propertyUpon payment of the first installment
   Explanation: The ITAT ruled that signing a redevelopment agreement does NOT constitute receipt of property and therefore cannot be treated as taxable income. A mere right to receive immovable property in the future is distinct from actual receipt and is not taxable.

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